Alector raises $32M in series C

Alector LLC (San Francisco, Calif.) raised $32 million in a series C round led by new investor MRL Ventures. Also participating were existing investors OrbiMed and Polaris Partners, as well as new investors Google Ventures; Topspin Partners; Mission Bay Capital; and other undisclosed investors.

The company is developing preclinical immunomodulatory therapies to treat neurodegenerative disorders including Alzheimer's disease, frontotemporal dementia, amyotrophic lateral sclerosis, Parkinson's disease and traumatic brain injury. ...